Carl Icahn, David Einhorn Dump "No Brainer" Apple Shares

Having opened his position in AAPL in Q3 2013, Carl Icahn's projections, prognostications, and positioning have all lent credence (for CNBC watchers) to buying into the "no brainer" stock. However, it appears the plunge in the stock of the last few months has taken the shine of Icahn's glee as, according to his fund's latest 13F, he dumped 7 million shares (or aound 14% of his position) in Q4 2015. In addition, Greenlight's David Einhorn dumped 44% of his holding in Tim Cook's releveraging firm.

But, according to Bloomberg, his cost basis for the entire position is $68.05 and so his exit here is still significantly positive.

In addition, Greenlight Capital, the hedge fund led by David Einhorn, also slashed its stake in Apple by 44% during the fourth quarter. According to Bloomberrg, Einhorn's averasge cost basis was $74.53...

The firm sold 4.9 million shares of Apple, leaving it with 6.3 million shares worth $661.5 million as of Dec. 31, according to a regulatory filing Tuesday.